Euronext : Q4 2022 results; top-line slight miss but bottom line 5.3% beat; synergy guidance upgraded
>Strong cost management offsetting the miss in revenue, net profit 5.3% beat - Q4 2022 ENX results came in slightly below company compiled consensus on the top line, however better on the bottom line due to strong cost management. In more details, Q4 2022 revenue was € 347.0m (down 6.2% YoY), 1% below css and a touch above our forecast. As expected, cash and therefore total trading revenue were the weak spot in Q4 2022 publication due to softer volumes. This was part...Euronext is a cross-border exchange. Co. operates combined regulated markets across Belgium, France, the Netherlands, Portugal and the United Kingdom (derivatives only). Co. offers a range of integrated services including the listing of financial instruments, trading in securities and derivatives, clearing, netting and settlement, market data dissemination and IT solutions and support. Co.'s customers include listed companies, members, institutional and individual investors who trade on Co. markets, other organizations, notably exchanges that use its technologies and services, and users of the financial and information generated by market activity.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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